Page 7 - Jon Leibowitz News Today

announced today it plans to cut its global growth forecast by a few decimal points when it releases its report next month. the i.m.f.s currently forecast calls for growth of 3.5% this year, and 3.9% next. erika miller reports. >> reporter: global economic growth appears to be hitting a wall. a "bric" wall that is. theres growing evidence that economic growth is slowing in virtually every part of the globe, even the worlds fastest growing economies. the term "bric" was coined a decade a...

stocks around the globe sank on weak japanese trade figures, as well as a drop in chinese manufacturing activity for the eleventh straight month. the news here wasnt better. the conference boards index of leading economic indicators edged down a 0.1% in august, suggesting growth will stay sluggish in the second half. so, its no surprise that the international monetary fund announced today it plans to cut its global growth forecast by a few decimal points when it releases its report nex...

announced today it plans to cut its global growth forecast by a few decimal points when it releases its report next month. the i.m.f.s currently forecast calls for growth of 3.5% this year, and 3.9% next. erika miller reports. >> reporter: global economic growth appears to be hitting a wall. a "bric" wall that is. theres growing evidence that economic growth is slowing in virtually every part of the globe, even the worlds fastest growing economies. the term "bric" was coined a decade a...

the housing sector is getting stronger. sales of existing homes jumped nearly 8% last month to a 4.82 million unit annual rate. thats a two-year high. construction of new homes and apartments rose 2.3%. the big gain was in single family homes. erika miller takes a closer look behind the numbers and gives us a status report on the housing recovery. >> reporter: when it comes to real estate, august is typically a slow month, but the latest housing data suggests there was strong momentum ...

the big gain was in single family homes. erika miller takes a closer look behind the numbers and gives us a status report on the housing recovery. >> reporter: when it comes to real estate, august is typically a slow month, but the latest housing data suggests there was strong momentum heading into the fall. the median price for a home resale surged to $187,400 during the month. thats up nearly 10% from a year ago-- the biggest year-over-year price increase since the housing boom went ...

the big gain was in single family homes. erika miller takes a closer look behind the numbers and gives us a status report on the housing recovery. >> reporter: when it comes to real estate, august is typically a slow month, but the latest housing data suggests there was strong momentum heading into the fall. the median price for a home resale surged to $187,400 during the month. thats up nearly 10% from a year ago-- the biggest year-over-year price increase since the housing boom went ...

stocks around the globe sank on weak japanese trade figures, as well as a drop in chinese manufacturing activity for the eleventh straight month. the news here wasnt better. the conference boards index of leading economic indicators edged down a 0.1% in august, suggesting growth will stay sluggish in the second half. so, its no surprise that the international monetary fund announced today it plans to cut its global growth forecast by a few decimal points when it releases its report nex...

economy. stocks around the globe sank on weak japanese trade figures, as well as a drop in chinese manufacturing activity for the eleventh straight month. the news here wasnt better. the conference boards index of leading economic indicators edged down a 0.1% in august, suggesting growth will stay sluggish in the second half. so, its no surprise that the international monetary fund announced today it plans to cut its global growth forecast by a few decimal points when it releases its r...

well as a drop in chinese manufacturing activity for the eleventh straight month. the news here wasnt better. the conference boards index of leading economic indicators edged down a 0.1% in august, suggesting growth will stay sluggish in the second half. so, its no surprise that the international monetary fund announced today it plans to cut its global growth forecast by a few decimal points when it releases its report next month. the i.m.f.s currently forecast calls for growth of 3.5%...

sales of existing homes jumped nearly 8% last month to a 4.82 million unit annual rate. thats a two-year high. construction of new homes and apartments rose 2.3%. the big gain was in single family homes. erika miller takes a closer look behind the numbers and gives us a status report on the housing recovery. >> reporter: when it comes to real estate, august is typically a slow month, but the latest housing data suggests there was strong momentum heading into the fall. the median price ...